Montenegro - Financial Infrastructure Modernization and its Alignment with Single Euro Payments Area Standards Project

Overview & Synopsis

The development objective of Financial Infrastructure Modernization and its Alignment with Single Euro Payments Area Standards Project is to help achieve faster, more efficient, and inclusive digital payments in Montenegro. This project has three components. The first component, Providing technical assistance for the setup of the new payment systems, will provide financing for consultancy services to support the preparation, implementation and operationalization of the FPS, focusing on both the system go-live phase and broader ecosystem readiness. The second component, Supporting the implementation and operation of the new payment system, will be for the purchase of the infrastructure hardware and software, and the associated support services for the infrastructure. The third component, Project management, will cover Project management aspects related to the preparation and duration of the Project.